Short Trades Removed

The following short trades will be removed from the Active Trades category.  Some of these trades may have already hit one or more profit targets while others failed to reach their price target(s).  Many of these trades have also exceeded their suggested stop level while others may not have but in the long overdue process of cleaning up the Trade Ideas, I will be removing any trades that no longer look attractive from a technical perspective in order to make room for some new trade ideas. ALXN, CBK, DDS, DHI, EWJ, HLF, JPM, PHM, TASR, THI, TJX, VAL, WFC, XHB, XLF, [...]

2013-05-19T22:48:18+00:00May 19, 2013 9:58pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , , |Comments Off on Short Trades Removed

shorting VAL

VAL (Valspar Corp) is about to paint the charts red (pun intended) along with competing paint company, SHW (Sherwin Williams).  There are a couple of things to note on the daily chart of VAL.  To begin with, VAL recently put in an Island Cluster Reversal Pattern, which is a potentially powerful candlestick topping pattern.  The formation of this pattern began with the giddy Jan 2nd rally gap up and was completely recently with the large gap down on Feb 12th.  Coincidentally or not, that gap down managed to bring prices just below VAL's primary uptrendline which began with the Aug 2011 [...]

2013-02-19T13:56:37+00:00Feb 19, 2013 1:56pm|Categories: Completed Trades - Short|Tags: |Comments Off on shorting VAL